Ionia Free Fair Association
- Assets
- $2.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Ionia, MI
- Founding
- 11/1939
- Data as of
- 09/2022
- EIN
- 38-0680310
Organization Overview
Ionia Free Fair Association is located in Ionia, MI. The organization was established in 1939. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Ionia Free Fair Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ionia Free Fair Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Ionia Free Fair Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL AGRICULTURAL FAIR
Describe the Organization's Program Activity:
AN ANNUAL AGRICULTURAL FAIR WAS HELD IN WHICH OVER 655 EXHIBITORS PARTICIPATED. THE FAIR HAS AN ANNUAL ATTENDANCE OF APPROXIMATELY 350,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Powell Secretary | OfficerTrustee | 1 | $0 |
Trevor Tooker Treasurer | OfficerTrustee | 1 | $0 |
Kirk Wolthuis Vice Preside | OfficerTrustee | 1 | $0 |
Ryan Gregory Director | Trustee | 1 | $0 |
John Dinehart Director | Trustee | 1 | $0 |
Ann Martinez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $440 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $216,640 |
| Total Program Service Revenue | $1,039,201 |
| Investment income | -$19,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,222 |
| Net Gain/Loss on Asset Sales | -$1,683 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,319,052 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,882 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,855 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $102,589 |
| Office expenses | $8,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,374 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $884 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,220 |
| Insurance | $46,246 |
| All other expenses | $338,043 |
| Total functional expenses | $1,049,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $635,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,258 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121 |
| Net Land, buildings, and equipment | $1,211,198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,481 |
| Total assets | $2,024,768 |
| Accounts payable and accrued expenses | $69,603 |
| Grants payable | $0 |
| Deferred revenue | $20,192 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,393 |
| Total liabilities | $179,188 |
| Net assets without donor restrictions | $1,671,084 |
| Net assets with donor restrictions | $174,496 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,024,768 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ionia Free Fair Association has recieved totaling $42,250.
| Awarding Organization | Amount |
|---|---|
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: ELECTRICAL UPGRADES TO CAMPGROUND D AND E | $34,000 |
The Right Place Inc Grand Rapids, MI PURPOSE: ECONOMIC ASSISTANCE | $8,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Ohio Equine And Agricultural Association Inc Springfield, OH | $3,559,831 | $1,335,609 |